February 27, 2018 - Front Office Meeting Agenda

Meeting Details

  • When: Tuesday February 27, 2018 @ 4:00 PM ET

Meeting Agenda

  • FINRA Updates
    • EBS
      • January 29, 2018: Regulatory Notice 18-04 - FINRA and ISG Announce Extension of Effective Date for Certain Electronic Blue Sheet Data Elements and Updates to Certain Requestor and Exchange Codes.
    • ORF
      • February 20, 2018: Reminder: FINRA Internal Testing In Production 
      • February 5, 2018: Testing of TLS Upgrade and ORF Next Day Dividend Update 
    • OATS
      • February 1, 2018:  OATS Secure Transport Upgrade - On April 16, 2018, FINRA will be upgrading Axway Secure Transport in the Production (PD) environment from the current version of 5.1 to version 5.3. 
    • TRACE
      • February 20, 2018: Reminder: FINRA Internal Testing In Production
      • February 5, 2018: Testing: TLS 1.1/1.2 & ORF Next Day Dividend 
      • February 1, 2018: Now Available: End-Of-Day and TRACE Security Activity Report (TSAR).
    • Additional FINRA Updates
      • February 14, 2018: Regulatory Notice 18-07 - Extension of Time Requests Relating to FINRA Rule 4210.
      • February 9, 2018: Proposed Rule Changes for FINRA Examinations
      • February 6, 2018: Regulatory Notice 18-05 - FINRA Requests Comment on the Application of Certain Rules to Government Securities and to Other Debt Securities More Broadly
  • CAT
    • February 28, 2018: Industry Update on the Consolidated Audit Trail
    • February 21, 2018: Industry Member Technical Specifications Excerpt v0.2
    • February 9, 2018: Please click here to find the press release announcing the appointment of Vas Rajan as Chief Information Security Officer for Consolidated Audit Trail, as posted to catnmsplans.com
    • February 8, 2018: CAT NMS Plan Interpretive FAQs Posted
    • January 30, 2018: Industry Update on the Consolidated Audit Trail
  • SEC:
    • February 21, 2018: SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures. To view the text of the rule, please click here.
    • February 7, 2018: 33-10456A - Investor Advisory Committee Meeting 
  • Tick Size Pilot Decommissioning
    • FIF to discuss with regulators on decommissioning/extension of Tick Size Pilot
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • February 28, 2018: Join us for our next FIF CAT Working Group Meeting
      • February 21, 2018:  FIF held a CAT Working Group meeting.
      • February 9, 2018: FIF is holding subgroup meetings with SIFMA and STA on Riskless Principal and Manual Quotes.
      • February 5, 2018: FIF has established two subgroups:  A CAT Participant Specification Review Subgroup and a CAT EBS Subgroup.
      • January 10, 2018:  FIF met with SEC to discuss CAT Implementation and areas of concern.
      • January 9, 2018: FIF met with Thesys CAT to discuss CAT Industry Member Technical Specification
      • January 9, 2018:  Thesys CAT releases draft of Participant Technical Specification. 
      • November 29, 2017: FIF submitted a comment letter to SEC and SROs on a New Plan for CAT.
      • September 29, 2017:  FIF submitted a comment letter to the SEC on SRO Retirement Plans.
      • September 25, 2017:  FIF submitted a comment letter to Thesys CAT on Industry Member Specification .
      • September 7, 2017:  Thesys CAT LLC released first draft of Industry Member Technical Specification.
      • CAT NMS Plan Website
    • Mark-Up/Mark-Down WG
        • January 23, 2017:  FIF, SIFMA and the BDA submitted a survey to the SEC addressing industry concerns regarding the readiness of MUMD rule enhancement requirements.
        • January 10, 2017:  FIF, SIFMA, and the BDA distributed survey to assess readiness of firms' MUMD Disclosure Enhancement Requirements.
        • November 13, 2017: FIF met with the SEC, MSRB and FINRA regarding a potential delay in the implementation date of MSRB Rule G-15/G-30 and FINRA Rule 2232.
        • November 6, 2017: FIF held a Mark-Up/Mark-Down Working Group Meeting on Possible Extension of MSRB Rule G-15/G-30 and FINRA Rule 2232 Implementation Date
        • July 12, 2017:  MSRB released FAQs/Guidance on confirms and PMP Calculation 
        • July 12, 2017:  FINRA released FAQs on rule enhancements to Fixed Income Confirmation Disclosures.
    • Cost Basis Working Group
      • March 8, 2018 - Cost Basis Working Group will hold a meeting focusing on the impacts of the Tax Bill.
    • Cloud Technology Working Group
      • March 1, 2018: FIF will hold our next Cloud Technology Working Group Meeting
      • If you would like to join the working group, please contact the program office at fifinfo@fif.com.
    • Data and Technology
      • Next Meeting:  February 28 @ 10:30 am ET.
    • Retail Execution Quality
      • FIF to expand Charter of Retail Execution Quality Working Group
    • FIF Cybersecurity Working Group
      • March 1, 2018: FIF will hold its next FIF Cybersecurity Working Group meeting
      • FIF held a working group meeting on February 1, 2018 @ 3:00 PM ET.
      • If you would like to join the working group, please contact the program office at fifinfo@fif.com.
    • FIF Industry Solutions Offering
    • FIF Retail Execution Quality Statistics
    • FIF Regulatory Initiatives Tracking Site - (Requires FIF Website Login)
    • FIF Monthly Reports
      • Market Data Capacity Statistics – (Requires FIF Website Login)
  • Additional Updates - Equities
    • February 21, 2018: Proposes rules and rule changes to support the re-launch of the Exchange on the Pillar trading platform
    • February 15, 2018: SR-CHX-2016-20 - Order Setting Aside Action by Delegated Authority and Disapproving a Proposed Rule Change, as Modified by Amendments No. 1 and No. 2, Regarding the Acquisition of CHX Holdings, Inc. by North America Casin Holdings, Inc.
    • February 13, 2018: 34-82702 - Notice of Filing of Proposed Rule Change to Modify the Listing Requirements Contained in Listing Rule 5635(d) to Change the Definition of Market Value for Purposes of the Shareholder Approval Rules and Eliminate the Requirement for Shareholder Approval of Issuances at a Price Less than Book Value but Greater than Market Value (Nasdaq)
    • February 13, 2018: 34-82706 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Its Price List for Equity Transactions in Stocks with a Per Share Stock Price of $1.00 or More to Introduce a New Market at-the-Close and Limit at-the-Close Tier 3
    • February 12, 2018: SR-NYSENAT-2018-03 - 83 FR 6057
    • February 8, 2018: NYSE PILLAR MIGRATION UPDATE - PHASE IV - NYSE NATIONAL
    • February 5, 2018: 34-82629 - Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, to Adopt the Midpoint Extended Life Order
    • February 5, 2018: 34-82628 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Exchange Rules 7030, 7034, and 7051 (Nasdaq BX)
    • February 2, 2018: 34-82627 - Notice of Filing of Amendment No. 3 and Order Granting Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 3, to Amend Section 102.01B of the NYSE Listed Company Manual to Provide for the Listing of Companies that List Without a Prior Exchange Act Registration and that Are Not Listing in Connection with an Underwritten Initial Public Offering and Related Changes to Rules 15, 104, and 123D
    • February 2, 2018: 34-82625 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Certain Changes Regarding the U.S. Equity Cumulative Dividends Fund-Series 2027 and the U.S. Equity Ex-Dividend Fund - Series 2027 (NYSEArca)
    • February 1, 2018: NYSE ARCA: REMINDER - SUNSET OF NYSE ARCA GATEWAYS
    • February 1, 2018: 34-82613 - Notice of Designation of a Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Adopt New Equity Trading Rules for Trading UTP Securities on Pillar, Including Orders and Modifiers, Order Ranking and Display, and Order Execution and Routing (NYSE)
    • February 1, 2018: 34-82617 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Provide Users with Access to Two Additional Third Party Systems and Connectivity to One Additional Third Party Data Feed (NYSEArca)
    • February 1, 2018: NYSE AMERICAN/NYSE ARCA: REMINDER - CHANGES TO AUCTION COLLARS, MPL ORDERS AND MTS, AND NEW DATE
    • January 31, 2018: 34-82608 - Notice of Filing of Proposed Rule Change to Amend NYSE Arca Rule 1.1(ll) to Establish How the Official Closing Price Would Be Determined for an Exchange-Listed Security That Is a Derivative Securities Product If the Exchange Does Not Conduct a Closing Auction or If a Closing Auction Trade Is Less Than a Round Lot (NYSEArca)
    • January 30, 2018: 34-82602 - Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to List and Trade the Shares of the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF under NYSE Arca Rule 8.200-E, Commentary .02 (NYSEArca)
    • January 30, 2018: SR-BX-2018-007 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Relocate the Consolidated Audit Trail Compliance Rules
    • January 26, 2018: NYSE: REMINDER - HALL 2 FIX AND BINARY GATEWAY DECOMMISSION 
    • January 26, 2018: 34-82589 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Make a Technical Adjustment to its Rules to Allow Sub-Penny Quoting and Order Entry in Managed Fund Shares Priced Less than $1.00 (Nasdaq)
  • Additional Updates - Options
    • February 16, 2018: SR-CBOE-2018-018 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Expand the Short Term Options Series Program to Allow Monday Expirations for SPDR S&P 500 ETF Trust Options
    • February 15, 2018: Nasdaq ISE, BX Options, and NOM Introduce Monday Weekly Expirations For SPY Options
    • February 15, 2018: Nasdaq ISE Market Maker Plus Program Calculation Change
    • February 14, 2018: RG18-006 Reminder: 2017 Year-End Filing Due March 1, 2018 - Form OE-418 and Attachments
    • February 14, 2018: RG18-005 Annual Supervision-Related Reporting Pursuant to Cboe/C2 Options Rules 4.24 and 9.8
    • February 13, 2018: 34-82704 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Expand the Short Term Option Series Program (Nasdaq BX)
    • February 13, 2018: SR-BOX-2018-07 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Expand the Short Term Option Series Program
    • February 12, 2018: SR-BOX-2018-06 - Notice of Filing of Proposed Rule Change to Adopt IM-8040-3 to Rule 8040
    • February 12, 2018: SR-CBOE-2018-016 - Notice of Filing of a Proposed Rule Change to Amend Rules Related to the Complex Order Book
    • February 12, 2018: SR MIAX 2018 05 - Amend Rule 100, Definitions, and Rule 404, Series of Option Contracts Open for Trading, to expand the Short Term Option Series Program
    • February 9, 2018: SR-NASDAQ-2018-012 - A proposed rule change to list and trade, under Nasdaq Rule 5705
    • February 8, 2018: SR-NASDAQ-2018-011 - Proposal to expand the Short Term Option Series Program to allow Monday expirations for options listed pursuant to the Short Term Option Series program, including options on the SPDR S&P 500 ETF Trust
    • February 8, 2018: Nasdaq Background Check Service
    • February 8, 2018: SR PEARL 2018 02 - Adopt rules to permit the Exchange to list and trade cash-settled index options
    • February 6, 2018: UPDATED PHLX, NOM and MRX Update SQF and OTTO Specifications
    • February 6, 2018: SR PEARL 2018 01 - Amend Rule 517A, Aggregate Risk Manager for EEMs ("ARM-E"), and Rule 517B, Aggregate Risk Manager for Market Makers ("ARM-M"). to adopt a Market Maker Single Sided Protection ("SSP") feature
    • February 2, 2018: SR-CBOE-2018-008 - Notice of Filing of a Proposed Rule Change Relating to Flexibly Structured Options
    • January 31, 2018: SR-BOX-2017-36 - Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Adopt Rule 7600(i) to Allow Split-price Transactions on the Trading Floor
    • January 30, 2018: SR-NASDAQ-2018-008 - Proposal to modify the listing requirements contained in Listing Rule 5635(d) to change the definition of market value for purposes of the shareholder approval rules and eliminate the requirement for shareholder approval of issuances at a price less than book value but greater than market value
    • January 30, 2018: Nasdaq PHLX Introduces Monday Weekly Expirations For SPY Options
    • January 29, 2018: Nasdaq announces changes to the Excessive Messaging Compliance Reports
    • January 26, 2018: PHLX, NOM, BX, ISE, GEMX and MRX - Modified Quarterly Quote Spread Parameter Relief through March 16, 2018
    • January 26, 2018: PHLX, NOM, BX, ISE, GEMX and MRX - Modified Bid/Ask differentials for "MKL", "NDX" and "PCLN" Option Classes through March 16, 2018
  • Next Meeting Date: Tuesday, March 27 @ 4:00 pm ET.

_________________________________________________________________

Financial Information Forum
fifinfo@fif.com
Phone: +1 212 422 8568
Fax: +1 212 422 8570
FIF URL: www.fif.com

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